estudio@bruchou.com
Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.

Follow us:

2022New DealWe advised on a new issuance of notes by the Province of Río Negro.

April 12, 2022

Province of Río Negro (the “Province”) has successfully issued notes “BONO RÍO NEGRO 2022 SERIE I” due on April 12, 2023, as part of its financing programme for the year 2022 (the “Notes”).

The Notes were issued for an aggregate amount of AR$ 2,500,000,000 and accruing a floating interest rate equal to the Badlar rate plus a 7% margin.

Payments due under the Notes will be guaranteed by an assignment of the province´s rights over the funds or any other payment under the Federal Tax Co-Participation Regime, or the one replacing it in the future. The issuance date of the Notes was on April 12, 2022.

Banco Patagonia S.A. acted as arranger and placement agent.; Banco de Servicios y Transacciones S.A., Banco de Galicia y Buenos Aires S.A.U. and Macro Securities S.A. acted as sub-placement agents.

Tanoira Cassagne Abogados advised the issuer, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Pilar Domínguez Pose and Rodrigo Córdoba.

Bruchou, Fernández Madero & Lombardi advised the principal arranger and placement agent and sub-placement agents, through a team led by partner Alejandro Perelsztein and associates Lucila Dorado and Delfina Calderale.

https://bruchou.com/wp-content/uploads/2021/05/logo_white.png
Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.
(5411) 5171-2300
estudio@bruchou.com

CONTACT US

Privacy policy

© Bruchou, Fernández Madero & Lombardi. All rights reserved.

Copyright © Bruchou 2022